Top three office REITs' total YTD return averaged 27.6%

Mapletree Commercial Trust had the highest total return at 29.9%.

Mapletree Commercial Trust (MCT), CapitaLand Commercial Trust (CCT) and Frasers Commercial Trust (FCT) have been identified to be the best-performing REITs with Singapore office assets after hitting an average total return of 27.6% YTD, according to a note from SGX.

The total returns of MCT, CCT and FCT hit 29.9%, 26.9% and 26%, respectively. Together, the three firms’ reached an average a 12-month dividend indicated yield of 4.7%.

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Overall, there are 34 listed REITs in the stock exchange. Ten of them are engaged in the acquisition, development, ownership, leasing, management and operation of office properties located in Asia-Pacific, Europe and the US with a market cap of more than $30b.

S-REITs emerged as the top net buy sector in the first six months of 2019, drawing net institutional inflows of $396.3m over the period. CCT topped the institutional net buy list in June, drawing inflows of $58.6m.